NVIDIA’s stock roughly doubled over a three-month stretch, and UBS thinks there’s still room to run. The Swiss investment bank bumped its price target on the AI chipmaker to $275 from $245, maintaining a Buy rating on the back of what it describes as a sustained surge in demand for AI accelerators and data-center infrastructure.
The numbers behind the upgrade
UBS issued its revised price target on May 14, 2026, the same day NVIDIA’s stock closed at an all-time high of $235.47. That’s a roughly 17% implied upside to the new $275 target.
Analysts project NVIDIA’s Q1 revenue at approximately $81 billion, handily beating previous guidance expectations. Q2 projections land somewhere between $90 billion and $91 billion.
The stock has since pulled back to around $211.80 as of mid-July.
